Market Performance - On September 30, the general steel sector rose by 1.13%, with Wujin Stainless Steel leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Individual Stock Performance - Wujin Stainless Steel (603878) closed at 10.17, up 8.89% with a trading volume of 553,900 shares and a turnover of 555 million [1] - Shougang Co. (000959) closed at 4.26, up 4.41% with a trading volume of 1,005,900 shares and a turnover of 431 million [1] - Hebei Steel (000709) closed at 2.54, up 2.42% with a trading volume of 1,286,600 shares and a turnover of 325 million [1] - Other notable performers include Anyang Iron & Steel (600569) up 2.30%, and Baotou Steel (600010) up 1.71% [1] Capital Flow Analysis - The steel sector experienced a net outflow of 219 million from institutional investors and 136 million from speculative funds, while retail investors saw a net inflow of 354 million [2] - The capital flow data indicates that major stocks like Baotou Steel and Ansteel experienced mixed capital movements, with Baotou Steel seeing a net inflow of 60.38 million from major investors [3] Summary of Capital Movements - Baotou Steel (600010) had a net inflow of 60.38 million from major investors, while it faced a net outflow of 45.76 million from speculative funds [3] - Wujin Stainless Steel (603878) saw a net inflow of 8.36 million from major investors but a net outflow of 10.09 million from speculative funds [3] - Overall, the data reflects a trend of retail investors actively participating in the market while institutional and speculative funds are withdrawing [2][3]

Core Viewpoint - Several companies are planning to reduce their shareholdings, indicating potential shifts in ownership and investor sentiment in the market [1] Shareholder Reductions - Senba Sensor's actual controller's concerted action party plans to reduce holdings by no more than 1.09% [1] - Erkang Pharmaceutical's controlling shareholder intends to reduce holdings by no more than 2.04% [1] - Andeli's shareholder BVI Donghua plans to reduce holdings by no more than 1.00% [1] - Zhiyang Innovation's controlling shareholder and its concerted action party plan to reduce a total of no more than 4.225 million shares [1] - Sichuan Gold's shareholder Beijing Jinyang intends to reduce holdings by no more than 1.8% [1] - Guoji Heavy Industry's shareholders, including Bank of China Deyang Branch and Bank of China Zhenjiang Runzhou Branch, plan to reduce a total of no more than 1% [1] - Meixin Sheng's shareholder WI Harper Fund VII plans to reduce holdings by no more than 1% [1] - Yanmian Technology's actual controller and controlling shareholder Liu Yan plan to reduce a total of 1.2897% of the company's shares [1] - Jingwei Henghai's supervisor Cui Wenge plans to reduce no more than 600,000 shares [1] - New Xiangwei's shareholder Kehongxin plans to reduce holdings by no more than 1% [1] - Wujin Stainless Steel's three executives plan to reduce a total of no more than 623,400 shares [1] - Zhongrun Optical's director Lu Gaofei plans to reduce no more than 695,300 shares [1] Regulatory Actions - *ST Mubang's actual controller Liao Zhiyuan has received a notice of investigation from the China Securities Regulatory Commission [1] - Youkeshu's shareholder has also received a notice of investigation from the China Securities Regulatory Commission [1]

Group 1 - The company announced a share reduction plan involving major shareholders and executives due to personal financial needs, with a total reduction not exceeding 623,402 shares, representing 0.11% of the total share capital [3][9] - The shareholders involved in the reduction plan include Zhou Zhibin, Liu Yiming, and Wu Fangmin, holding 630,000 shares (0.11%), 1,380,319 shares (0.25%), and 483,294 shares (0.09%) respectively [2][3] - The reduction will occur through centralized bidding and block trading, with the price determined by market conditions, and the reduction period set for three months starting 15 trading days after the announcement [3][9] Group 2 - The company held a staff representative meeting on September 26, 2025, where Wang Yan was elected as the staff representative director for the fifth board, with a term aligned with the board's duration [11][13] - Wang Yan has been with the company since November 2007, holding various positions and currently serving as a securities department information disclosure specialist [13] - Wang Yan does not hold any shares in the company and has no relationships with other directors or major shareholders that would disqualify her from serving as a director [13]

Group 1 - Maanshan Iron & Steel Co., Ltd. (马钢股份) reached the daily limit increase in stock price [1] - Vanadium Titanium Resources Co., Ltd. (钒钛股份) previously hit the daily limit increase [1] - Other companies such as Jinzhu Pipeline Co., Ltd. (金洲管道), Wujin Stainless Steel Co., Ltd. (武进不锈), Changbao Steel Pipe Industry Co., Ltd. (常宝股份), Hainan Mining Co., Ltd. (海南矿业), and Jiuli Special Materials Co., Ltd. (久立特材) also experienced stock price increases [1]

Core Viewpoint - The company announced that three executives plan to reduce their shareholdings due to personal financial needs, which may impact investor sentiment and stock performance [1] Summary by Relevant Categories Executive Shareholding Reduction - Executive Zhou Zhibin plans to reduce holdings by up to 157,500 shares, representing 0.03% of the total share capital [1] - Executive Liu Yiming intends to reduce holdings by up to 345,100 shares, representing 0.06% of the total share capital [1] - Executive Wu Fangmin aims to reduce holdings by up to 120,800 shares, representing 0.02% of the total share capital [1] Timing and Method of Reduction - The share reduction will occur within three months following a 15 trading day period after the announcement [1] - The reduction will be executed through centralized bidding and block trading methods [1]

| 证券代码：603878 | 证券简称：武进不锈 | 公告编号：2025-050 | | --- | --- | --- | | 债券代码：113671 | 债券简称：武进转债 | | 江苏武进不锈股份有限公司 股东及董事、高管减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 大股东及董监高持股的基本情况 截至本公告披露日，江苏武进不锈股份有限公司（以下简称"公司"）董事 兼副总经理周志斌先生持有公司股份 630,000 股，占公司总股本的 0.11%；董事 会秘书兼副总经理刘一鸣先生持有公司股份 1,380,319 股，占公司总股本的 0.25%； 董事兼副总经理吴方敏先生持有公司股份 483,294 股，占公司总股本的 0.09%。 减持计划的主要内容 公司于 2025 年 9 月 28 日收到周志斌先生、刘一鸣先生、吴方敏先生的《关 于减持股份计划的告知函》。 周志斌先生、刘一鸣先生、吴方敏先生因个人资金需求，拟通过集中竞价、 大宗交易等方式，减持不超过各自所持公司股份总数的 ...

| 证券代码：603878 | 证券简称：武进不锈 | 公告编号：2025-051 | | --- | --- | --- | | 债券代码：113671 | 债券简称：武进转债 | | 特此公告。 江苏武进不锈股份有限公司董事会 二〇二五年九月三十日 附件： 职工代表董事简历如下： 截至目前，王燕女士未持有本公司股份，与公司其他董事、高级管理人员以 及持股5%以上的股东之间不存在关联关系，亦不存在《上海证券交易所上市公 司自律监管指引第1号—规范运作》规定的不得担任上市公司董事的情形，未受 过中国证监会及其他有关部门的处罚和证券交易所惩戒。 江苏武进不锈股份有限公司 关于选举职工代表董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 江苏武进不锈股份有限公司（以下简称"公司"）于 2025 年 9 月 26 日召开 了职工代表大会，经职工代表推举并表决通过，同意选举王燕女士为公司第五届 董事会职工代表董事，任期与第五届董事会任期一致。上述职工代表董事符合《公 司法》、《公司章程》等法律法规关于董事任职的资格和条件，并 ...

Core Viewpoint - 武进不锈 (603878.SH) announced a share reduction plan by three individuals due to personal financial needs, which may impact the company's stock performance [1] Summary by Categories Share Reduction Plan - 周志斌, 刘一鸣, and 吴方敏 plan to reduce their holdings by up to 25% of their respective shares, totaling a maximum of 623,400 shares [1] - This reduction represents approximately 0.11% of the company's total share capital [1] - The reduction will occur through centralized bidding and block trading, with the selling price determined by market conditions [1] - The reduction period is set for three months starting 15 trading days after the announcement [1]

武进不锈公告，董事兼副总经理周志斌、董事会秘书兼副总经理刘一鸣、董事兼副总经理吴方敏因个人 资金需求，计划自2025年11月3日至2026年1月30日，通过集中竞价和大宗交易方式分别减持不超过 15.75万股（0.03%）、34.51万股（0.06%）、12.08万股（0.02%），合计不超过62.34万股，占公司总股 本0.11%。 ...

Core Insights - The A-share steel sector experienced a significant upward trend, with Maanshan Iron & Steel Co., Ltd. nearing a trading limit increase, and Jinzhou Pipeline rising over 7% [1] Company Performance - Maanshan Iron & Steel Co., Ltd. (600808) saw a price increase of 9.92%, with a total market capitalization of 30.7 billion and a year-to-date increase of 29.13% [2] - Jinzhou Pipeline (002443) increased by 7.81%, with a market cap of 4.024 billion and a year-to-date increase of 35.86% [2] - Yongxing Materials (002756) rose by 4.97%, with a market cap of 19.6 billion, but has a year-to-date decrease of 2.16% [2] - Wujin Stainless Steel (603878) increased by 4.67%, with a market cap of 5.285 billion and a year-to-date increase of 67.60% [2] - Changbao Co., Ltd. (002478) rose by 4.32%, with a market cap of 5.217 billion and a year-to-date increase of 14.14% [2] - Hainan Mining (601969) increased by 4.21%, with a market cap of 16.8 billion and a year-to-date increase of 20.41% [2] - Jiuli Special Materials (002318) rose by 3.88%, with a market cap of 23.5 billion and a year-to-date increase of 7.05% [2] - Hebei Steel (000709) increased by 3.33%, with a market cap of 25.6 billion and a year-to-date increase of 13.69% [2] - Dazhong Mining (001203) rose by 3.04%, with a market cap of 18.4 billion and a year-to-date increase of 43.93% [2] - Hebei Resources (000923) also increased by 3.04%, with a market cap of 10.6 billion and a year-to-date increase of 21.53% [2]